HET LOZENHOF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HET LOZENHOF
Largest movements
- Cash -€19,339
down €19,339 (-22.1%), from €87,351 to €68,012
mainly Contributions, distributions and other (-€33,000) and Investment in fixed assets (net) (-€9,064)
- Receivables within one year -€3,480
down €3,480 (-57.2%), from €6,086 to €2,606
of which Other amounts receivable: -€4,197
- Stocks and contracts +€2,514
up €2,514 (+30.4%), from €8,262 to €10,776
- Profit (loss) carried forward -€16,459
down €16,459 (-33.8%), from €48,690 to €32,232
- Trade debts -€2,044
down €2,044 (-24.1%), from €8,485 to €6,441
- Tax, wage and social debts -€1,992
down €1,992 (-10.6%), from €18,828 to €16,836
of which Taxes: -€1,888
- Staff costs +€8,822
up €8,822 (+7.7%), from €115,143 to €123,965
- Purchases and services +€8,280
up €8,280 (+1.9%), from €425,715 to €433,995
- Taxes -€1,795
down €1,795 (-21.9%), from €8,195 to €6,400
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,137 | €104,642 | -€20,495 | -16.4% |
| Fixed assets | 21/28 | €21,672 | €21,426 | -€246 | -1.1% |
| Tangible fixed assets | 22/27 | €21,672 | €21,426 | -€246 | -1.1% |
| Plant, machinery and equipment | 23 | €2,413 | €4,398 | +€1,985 | +82.3% |
| Furniture and vehicles | 24 | €13,313 | €7,659 | -€5,654 | -42.5% |
| Other tangible fixed assets | 26 | €5,946 | €9,369 | +€3,423 | +57.6% |
| Current assets | 29/58 | €103,466 | €83,217 | -€20,249 | -19.6% |
| Stocks and contracts in progress | 3 | €8,262 | €10,776 | +€2,514 | +30.4% |
| Stocks | 30/36 | €8,262 | €10,776 | +€2,514 | +30.4% |
| Amounts receivable within one year | 40/41 | €6,086 | €2,606 | -€3,480 | -57.2% |
| Trade receivables | 40 | - | €717 | +€717 | |
| Other amounts receivable | 41 | €6,086 | €1,889 | -€4,197 | -69.0% |
| Cash at bank and in hand | 54/58 | €87,351 | €68,012 | -€19,339 | -22.1% |
| Deferred charges and accrued income | 490/1 | €1,767 | €1,823 | +€55 | +3.1% |
| Total equity and liabilities | 10/49 | €125,137 | €104,642 | -€20,495 | -16.4% |
| Equity | 10/15 | €97,818 | €81,359 | -€16,459 | -16.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,535 | €30,535 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €28,676 | €28,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,690 | €32,232 | -€16,459 | -33.8% |
| Amounts payable | 17/49 | €27,319 | €23,283 | -€4,036 | -14.8% |
| Amounts payable within one year | 42/48 | €27,319 | €23,283 | -€4,036 | -14.8% |
| Trade debts | 44 | €8,485 | €6,441 | -€2,044 | -24.1% |
| Suppliers | 440/4 | €8,485 | €6,441 | -€2,044 | -24.1% |
| Taxes, remuneration and social security | 45 | €18,828 | €16,836 | -€1,992 | -10.6% |
| Taxes | 450/3 | €7,927 | €6,038 | -€1,888 | -23.8% |
| Remuneration and social security | 454/9 | €10,902 | €10,798 | -€104 | -0.9% |
| Other amounts payable | 47/48 | €6 | €6 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €425,715 | €433,995 | +€8,280 | +1.9% |
| Remuneration, social security and pensions | 62 | €115,143 | €123,965 | +€8,822 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,218 | €9,310 | +€92 | +1.0% |
| Other operating charges | 640/8 | €1,426 | €1,469 | +€43 | +3.0% |
| Non-recurring operating charges | 66A | €2,353 | - | -€2,353 | |
| Gross operating margin | 9900 | €157,185 | €157,753 | +€568 | +0.4% |
| Operating profit (loss) | 9901 | €29,044 | €23,009 | -€6,036 | -20.8% |
| Financial income | 75/76B | €7 | €52 | +€46 | +695% |
| Recurring financial income | 75 | €7 | €52 | +€46 | +695% |
| Financial charges | 65/66B | €196 | €120 | -€76 | -38.6% |
| Recurring financial charges | 65 | €196 | €120 | -€76 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €28,855 | €22,941 | -€5,914 | -20.5% |
| Income taxes | 67/77 | €8,195 | €6,400 | -€1,795 | -21.9% |
| Profit (loss) for the period | 9904 | €20,660 | €16,541 | -€4,119 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,660 | €16,541 | -€4,119 | -19.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.